FSD’s Big Week, Abel Makes a Mark on Berkshire, and 24/7 Trading
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What is the significance of Tesla's driverless robotaxis?
Our robo-taxi's finally here. Motley Fool Money starts now.
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From Fool Global Headquarters, this is Motley Fool Money. Welcome to Motley Fool Money. I'm Travis Hoyum, joined today by Lou Whiteman and John Quast. Guys, the robo-taxis with no safety driver in the vehicle are finally operating in Austin, Texas. This has been something that has been coming for arguably a decade or so from Tesla. Lou, is this a watershed moment for Tesla or just ho-hum given that it's coming in 2026 and Waymo is operating with fully driverless vehicles? Zoox has vehicles that don't even have a front seat or a steering wheel. You know, is this huge news or is this just kind of the way that things are going for everybody?
It's a step in the process. It's not a watershed moment, but it's not insignificant. I don't think it really matters who gets there first if you get there. Tesla has its own advantages, just the number of cars it has out there, etc. They'll do just fine if they can get there. The thing is, they have to get there. To do that, as an engineering mindset is, you test. you test again, you change the parameters, you continue to build. That's what they're doing. So this is a step along the process. How close they are, when will they get there? We'll see. Look, I'm in Atlanta. I see Waymos buzzing around me all the time. So I know that Tesla isn't in the lead here. I don't think it matters who's in the lead.
How is Greg Abel reshaping Berkshire Hathaway's strategy?
It's just, can they get there? And if this gets them a step closer, good for them.
John, what do you think about this? Because the other detail, we don't know exactly how these operations are going. We don't get a ton of safety data either. I know that they have to report some of their safety data to the NHTSB, if I'm getting my acronyms correct, which I'm probably not. But I believe they've had eight or nine accidents with these vehicles, even with the safety driver, the person that's sitting in the passenger seat. Now it appears that there's actually a vehicle following them. There's obviously remote monitors as well. So is this is this actually something like a Waymo or is this sort of where Waymo was like four years ago?
It's a good question. Here's the thing. Elon Musk has promised a lot more than what it just delivered this week. Talking about this is going to be much bigger in many, many cities across the United States.
And I think he's saying by the end of this year, too.
Sure. Well, maybe even by the end of last year, I don't remember what it was. But yeah, this is a step in that direction. But it's still just a step. And as you point out, it seems like we're still monitoring this car pretty closely without the safety driver. Here's the thing with Elon, take what he says very seriously, but don't necessarily take the timetable seriously. Pay attention to when and go ahead and toss that out. But what he says is very serious. For example, he just said, expect AI data centers in space in the next three years. When I hear that, I say, I need to take AI data centers in space pretty seriously, but probably not within three years. In the same way, these robo-taxis without a safety driver, yeah, we are promised a lot more, a lot bigger, and a lot faster, but we are moving in that direction, and I do take it seriously.
John, another thing that came out this week was they partnered a little bit with Lemonade. Lemonade is going to be offering with their insurance per mile product. You can insure your Tesla when it's operating in FSD.
What advancements is Apple making with its Siri chatbot?
It's actually 50% lower than the previous cost. Is that another one of these something or nothing things that's going on? Because insurance is going to be a question for a lot of these robo-taxi businesses. And even if we look at something like Uber or Lyft, insurance is a big cost for them. So if the actual cost is 50% lower than traditional insurance, that seems like something.
Yeah. This is a general trend out there, making devices that weren't collecting data smarter by collecting data.
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Chapters
8 chapters
1
What is the significance of Tesla's driverless robotaxis?
0:05–2:00
2
How is Greg Abel reshaping Berkshire Hathaway's strategy?
2:00–3:59
3
What advancements is Apple making with its Siri chatbot?
3:59–6:19
4
How is the NYSE planning to tokenize stocks?
6:19–8:33
5
What are the implications of 24/7 trading for investors?
8:33–10:24
6
What challenges and opportunities come with stock tokenization?
10:24–12:56
7
How might the subscription model impact Tesla's business?
12:56–15:23
8
What are the potential acquisitions for Berkshire Hathaway?
15:23–38:50